HMRC Is Shite

HMRC Is Shite
Dedicated to the taxpayers of Britain, and the employees of Her Majesty's Revenue and Customs (HMRC), who have to endure the monumental shambles that is HMRC.

Monday, 24 August 2015

No CATO


HMRC is to retire the current corporation tax (CT) online filing form and replace it with a basic online tool.

All very well and "modern" of HMRC, except that the proposed free online tool will no longer be available for agents.

The “new, improved” company tax return and company accounts filing service is called Company Accounts and Tax Online (CATO).

Accounting Web quote HMRC:
CATO is an online service which companies will access using their own filing credentials, unlike the existing HMRC free filing software, which uses a form downloaded from the internet.
HMRC acknowledged that agents will not be able to use CATO.
 
The Institute of Certified Practising Accountants (ICPA) is less than pleased:
Just how will that work? 
 
What if the company pass their own filing credentials to their accountant?
Are HMRC really saying that a company’s duly appointed and trusted agent cannot be allowed access? 

Are they so angry with agents that they are spitefully excluding that small number of small practices that use the free software on behalf of their clients?

And how are they to monitor or police this? 

Will there be a fine if a company ask their accountant to help out because they are getting in a mess?
HMRC said:
We understand that some agents are concerned about the withdrawal of the free HMRC software and the need in future to use commercial software to file company accounts and company tax returns on behalf of clients.”
It is expected that is will cost agents around £250 to buy software that will enable them to file on their clients' behalf. 
 
HMRC adding costs to process of tax collection!

Tax does have to be taxing.

Professional Cover Against the Threat of Costly TAX and VAT Investigations

Insurance to protect you against the cost of enquiry or dispute with HMRC is available from several sources including Solar Tax Investigation Insurance.

Ken Frost has negotiated a 10% discount on any polices that may suit your needs.

However, neither Ken Frost nor HMRCISSHITE either endorses or recommends their services.

What is Solar Tax Investigation Insurance?

Solar Tax Investigation Insurance is a tax-fee protection service that will pay up to £75,000 towards your accountant's fees in the event of an HM Revenue & Customs full enquiry or dispute.

To find out more, please use this link Solar Tax Investigation Insurance



HMRC Is Shite (www.hmrcisshite.com), also available via the domain www.hmrconline.com, is brought to you by www.kenfrost.com "The Living Brand"

No comments:

Post a Comment